Microsoft's hiring of staff from AI startup Inflection referred for UK merger probe

Microsoft's hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.

Britain's Competition and Markets Authority (CMA) said Tuesday that the hiring of Mustafa Suleyman, Inflection's co-founder, along with most of the startup's staff, should be assessed to decide whether it constitutes a merger under U.K. rules and therefore could result in less competition within the AI sector.

If it finds reason to investigate further, the CMA can refer the case for an in-depth investigation, known as a "Phase 2" probe. The CMA said it would announce a decision on whether to refer the case for a Phase 2 investigation by Sept. 11.

This is a breaking news story. Please refresh for updates.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.